Make sure your ring is covered the right way...
An engagement ring is one of the most important and valuable purchases you will ever make, so you will want to ensure it’s properly protected with a good quality insurance policy. At Assetsure, we have a policy that has been specially designed to insure single precious items and cover is securely underwritten at Lloyd’s of London and administered in the United Kingdom.
Unlike most insurers, we are quite happy to provide insurance for single items of jewellery on their own and we won’t insist you insure the rest of your home with us. We realise that owners are often people who are just setting up home or perhaps still living with parents or in rented accommodation or with little other contents that require covering, thus cover for a single valuable object is all that is required.
Our policy is ideal if you are in this situation and only want to cover just one item. On other occasions, especially if an item has acquired a new valuation, the ring falls outside the monetary limits of a standard home insurance policy and if you find yourself in this situation, we should be able to assist you with cover.
We may be unable to restore the sentimental value of a precious item, but we can provide insurance protection to compensate you for your loss by quickly providing a replacement.
We are based in the UK and our policies are designed for persons that are normally resident in the United Kingdom, we provide worldwide all risks cover with no restrictions on how many trips abroad you can make (maximum duration of any one trip is 60 days).
The biggest fear with engagement rings, is that the settings will become loose and the stone will be lost, the diamond forms the bulk of the value in the ring and our policy will cover the actual physical loss of the diamond. In the event of a claim, we will endeavour to obtain a diamond that is as close to the original as possible.
We provides physical loss or damage for your engagement ring or other items of.jewellery on a worldwide basis. Essential cover as settings can work loose and stones become lost.. Not limit to the number of trips abroad that can be made of up to 60 days maximum duration per trip
If you have to make a claim under your policy we do not deduct any excess for specified items
We will provide you with a schedule of insurance specifying your ring. If you have other items of jewellery, we will be pleased to add them on as well.
By insuring your engagement ring separately with us, you can help protect any valuable no claims bonus earned under your home insurance policy.
We accept all major credit and debit cards and monthly direct debits.
So confident are we in our policy, we will even give you a full 30 days to review our policy wording and change your mind if you are not satisfied.
We are a specialist jewellery insurer with an extensive network of trusted jewellers across the UK that we use to repair / replace your item on a like for like basis
We value our customers. Your premium will not be loaded next year if you make one claim under £500. We reward loyalty and will guarantee if you find a cheaper renewal quote we will match it.
Our sales office is open 7 days a week making it easier to report your claim. We are a dedicated, friendly and efficient team who's sole aim is make your claim experience hassle free and easy
We are so confident in our product that we will give you 30 days to change your mind for a full refund, rather than the generic 14 days given by most. Even if after the 30 days is up, if you decide our policy is not for you, we will refund you all of the insurance you haven't used.
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The Assetsure Insurance policy is available to persons over the age of 21
Your policy will be delivered instantly by e-mail. Cover will start from the date you request
In most cases, we can provide cover the same day that you request it, simply use our calculator and you can buy the insurance online immediately. In cases where we cannot quote online, we endeavour to provide you with a quotation within 24 hours during the week.
The policy has no excess to pay following a claim
Sometimes a stone drops out of a ring and cannot be located, this will be covered by the policy
If you, unfortunately, lose your engagement ring, we will have to replace it for you and thus it is very important to make sure that your ring is insured for the full replacement value.
The maximum amount that we pay to replace a ring will be the sum insured you choose and this amount will be stated on your schedule of insurance.
With new rings, the purchase price with often be adequate, if the purchase was made from a high street retail outlet. However, if the item was on sale you will have to obtain the true price of the item and insure for that amount.
If you have obtained the engagement ring from a jewellery area such as Hatton Garden in London where they specialise in providing jewellery at discounted prices, you will need to ask the supplier for a valuation as the purchase price will probably not reflect the replacement cost.
The cost of engagement ring insurance depends on a number of factors but in simple terms, the more your engagement ring will cost us to replace, the more the insurance will cost.
By entering your details, into our online engagement ring insurance calculator, you will quickly be able to discover how much we would charge you for an annual policy. If you want to buy a policy online, you can pay in one go by credit or debit card. We can also offer instalments over 12 months.
Engagement ring insurance from Assetsure covers loss or damage and is underwritten at Lloyd’s of London.
That depends on the type of insurance that you buy. A policy from Assetsure is issued on an “All- risks” basis, which means that accidental loss is covered. The policy will cover not only the loss of the ring in its entirety but also the loss of any stones contained within the ring.
With such a valuable possession it is always a good idea to have the settings checked every couple of years as with items that are worn every day, settings can work loose and whilst insurance can replace lost stones, we cannot of course replace any sentimental value.
A policy from Assetsure will cover your ring on a worldwide “All- risks” insurance basis. There are no country restrictions and you can make unlimited trips abroad as long as no one trip exceeds 60 days in duration.
We will cover your ring against loss or damage but there will be some restrictions in cover if you choose not to wear it. These are explained in our policy document and we are happy to discuss these to you over the telephone if required. In essence though, if you are wearing the ring and it is lost, stolen or damaged, you will be insured.
The choice to insure a wedding ring is entirely a personal one and is often based on the value of the ring itself. A policy will cover your item against accidental loss or damage. One popular way of insuring a wedding ring with Assetsure, is to insure both partners rings at the same time. We often find that customers who have insured an engagement ring with us, come back at a later date to add on the wedding bands as well.
A ring that has been given and received at the time of engagement is often viewed as being priceless, the sentiment attached to the item cannot be replaced by any insurance policy.
However, if you do unfortunately lose or damage the item it’s important to have an accurate valuation to enable an insurer to replace the item for you.
Valuations are normally supplied with new rings but you should seek an update at least once every couple of years.
Assetsure have extensive contacts within the Jewellery trade and if you require an updated valuation, please contact us as we may be able to point you in the right direction.
That very much depends on the type of insurance you have and you should check your policy wording or contact either your insurer or the company that arranged the insurance on your behalf.
Not all policies cover accidental loss, normally under a home insurance policy you would have had to have extended cover to include loss.
A policy arranged by Assetsure is written on an “All- risks “basis which means that subject to the policy terms and conditions loss is covered.
It goes without saying that you cannot obtain insurance for an engagement ring if it has already been lost.
The most we will pay in total for each incident of Loss is the Amount insured which you choose when you take your policy out. Please make sure this to sufficient replace your item at UK retail prices.
In the event of any claim being made for Loss of or Damage to any insured item, the onus of proving the existence, ownership and value of the item shall be upon you to prove. We accept the following items as proof of existence and Ownership;
For Items less than 5 years old
A personalised and dated purchase receipt or bill of sale detailing the insured item.
A debit or credit card or bank statement detailing the amount paid.
If a private sale, dated correspondence relating to the sale such as a letter or e-mail identifying the seller of the item.
For Items more than 5 years old
Any of the above items.
Photographic or other dated documentary evidence such as a personalised valuation or service receipt.
A valuation with full description of the item from a United Kingdom based Jeweller or Valuer stating their contact details and business credentials.
The Assetsure Insurance policy is underwritten at Lloyd’s of London